Posted on 05/24/2025 9:52:49 PM PDT by Cronos
A short list of stupid people that didn’t have the sense or righteous indignation to retire at age 62:
Sir John Templeton
Benjamin Graham
Warren Buffett
Charlie Munger
Carl Icahn
David Einhorn
St. John the Apostle
and so forth...
“the International Monetary Fund ... recommendation is that people of the baby boomer generation should stay in work for longer” because subsequent generations who were poorly “educated” in failing government schools are worthless as teats on a boar hog ...
As a member of the Republic who’s been paying into SS his whole life, jacking up the retirement age to the point of death seems a little dishonest.
With semi-retirement you are keeping your mind and body busy, which IMO is a healthy thing to do.
About “boomers”, we as a whole have skill and especially a work ethic the very younger generations simply do not have nor do they want it.
“ person aged 70 in 2022 had the same cognitive function as the average 53-year-old in 2000.”
Sure.
In 22 years people gained 17 years of function .
Sounds 100% scientifically believable
They want your to work until you die.🙄
I wish I still had the health I had when I was fifty.🙄
“ They haven’t found any evidence of illegals collecting benefits for 30 dependents.”
Ask a cashier at any NV casino?
We are in Michigan, kinda high property taxes, two pensions, two social security. We do ok, no extravagant vacations, but we have a wonderful home, our kids and grandkids(8) are very near. We are content, happy.
“Why not 62?”
~~~~~~~~~~~~~
You are correct, I wasn’t clear. Born after 1960.
According to the chart at the link below, my “Full Retirement Age” is 67. Although I could start collecting at age 62, with a 30% theft/reduction of benefits.
I should have said, “I can’t even start drawing *full* social security until I’m 67.”
https://www.ssa.gov/benefits/retirement/planner/agereduction.html
As it is, I’ll wait and see what I need in the years to come. Per my post above, I’ve never factored SS into my retirement numbers. Plan for the worst, hope for the best.
FReegards,
Kit
Considering one could drop dead any day, it was a no brainer for me.
“Its recommendation is that people of the baby boomer generation should stay in work for longer to help balance public finances amid fiscal pressures caused by an ageing global population.”
The real reason is not to “help balance public finances”. It’s to do the work that pampered snowflakes won’t — and can’t — do. And to have a workforce that shows up on time.
I was 60 when I retired. I knew I hated the daily grind while I was doing it. But after I retired I realized I hated the 8-to-5 daily grind even more than when I was in it.
The work I did wasn’t horrible; in fact it mostly was interesting. It was the routine of up at 6am. Shower while half asleep. Hair and makeup. Panty hose. High heels. Traffic. Staff meetings. Woke crap. Nasty people. Office intrigue and politics.
I don’t miss any of that!
“... only to die within a year following their retirement.”
Or my husband’s co-worker who died in the doctor’s office during a routine physical the day before his last day at work.
Plus, you aren’t a shave to the godforsaken SCHEDULE of a typical cube rat in an office. You have more flexibility as a realtor — although the hours can be a drag with busy weekends and evenings.
I don’t know about 70 is the new 50, but here in the USA, the dollar is the new nickel.
“Considering one could drop dead any day, it was a no brainer for me.”
++++++++
I’m with you. Retired in my 50s. May as well get it while the gettin is good.
I just don’t like the idea that I was mandated to donate between $125-250k to social security over 40 years.
My math stinks, but assuming the absolute low number of $125k (mandatory donation), if I draw at 62 the break-even point is about 8 years. If I wait until 70, the break-even point is about 6 years.
The realistic number for my mandatory donations is about $200k. About 14 years collecting if I punch at 62 to break even. I would be 76.
If I wait until 70 to start, my break even point would be 8 years. 78 years old.
I’ll take the gravy on my biscuits now, thank you. Man, what I could have done with that money instead of handing it over to Fedzilla.
That “lockbox” got broken into for the poor unfortunates on disability from Juarez, Tijuiana, Nogales, and points south.
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